I bought Ericsson when it broke up through 79.70 and sold it at the close at 80.30.
Monday, May 31, 2010
Monday at closing bell
I bought Ericsson when it broke up through 79.70 and sold it at the close at 80.30.
Ericsson
Will short Ericsson if it breaks below today's low and buy it if it will go higher than today's high with a target of .75-.80 SEK.
Friday, May 28, 2010
Friday afternoon
I am finding the markets difficult to trade at the moment. No trades so far today. Might stay out of the market over the weekend.
Thursday, May 27, 2010
Index Update
Todays's result is an eight cent loss in Nokia. Posting the intraday bet-index as of today.
The index is based on the average return per trading day.
Trade with you again, tomorrow Friday!
S
Wednesday, May 26, 2010
Today's summary
Both trades were exited at par. Unfortunately BOL went straight to my target right afterwards. Better safe than sorry.
0% and 0%
0% and 0%
Nokia
Selling nokia here. 8.295. N.b. by mistake I wrote at first that I was buying it. Selling it is!
Tuesday, May 25, 2010
Time to summarize today's trading
Nokia was hot! It gave 0.12% yesterday and 1.9% today. Ericsson gave 0.05 SEK or 0.06%.
I suggest we all have ourselves a terrific evening. À bientôt.
S
Buying Ericsson and Nokia
I am buying ericsson B and Nokia if they brake the tops they just formed at 78 and 7.885.
Monday, May 24, 2010
Covered Nokia
at 8.00. was waiting for it to come down a bit more but it's better to make zero profit than a loss..
Friday, May 21, 2010
Friday summary
Could have covered Ericsson earlier (and more cheaply) than at the close but was convinced it was going lower..
Thursday, May 20, 2010
Thursday afternoon
Will take the rest of the day off and summarize today's trades as follows
Trade with you later
S
Trade with you later
S
Wednesday, May 19, 2010
Wednesday summary
2 small profits and one SCA trade.
ERIC B
+0.12%
NOK1V
+0.36
SCA B
-1.26%
Tomorrow is another day
ERIC B
+0.12%
NOK1V
+0.36
SCA B
-1.26%
Tomorrow is another day
Tuesday, May 18, 2010
Today
So I didn't manage to stay away from the circus and did some car-trading which turned out to be a good idea. Posting an excerpt from excel above. S
Monday, May 17, 2010
Norway norway
They really know how to celebrate their day these norweigans! Unfortunately the celebrations kept me from trading and from having had a look at the charts it looks like it would've been a lucrative day.
I am giving those of you who master Swedish a nice version of the norweigan national hymn:
Will spend tomorrow travelling but trade with you on Wedneseday!
S
I am giving those of you who master Swedish a nice version of the norweigan national hymn:
Will spend tomorrow travelling but trade with you on Wedneseday!
S
Friday, May 14, 2010
End of second week
+2% and +0.7%
Those are the returns of the first and the second week respectively if I for each day calculate the average return of the trades and then calculate the compounded return. I will use OMXN40 as benchmark which during the period returned -6.3%.
I created the Intraday Bet Index to illustrate the results.
The results of todays trades are: Eric B -1.31%, Nokia 0.90%, SCA, 0.68%. I might not trade on Monday. Norway is calling with a good party. Anyway, enjoy the weekend and trade with you again soon!
Those are the returns of the first and the second week respectively if I for each day calculate the average return of the trades and then calculate the compounded return. I will use OMXN40 as benchmark which during the period returned -6.3%.
I created the Intraday Bet Index to illustrate the results.
The results of todays trades are: Eric B -1.31%, Nokia 0.90%, SCA, 0.68%. I might not trade on Monday. Norway is calling with a good party. Anyway, enjoy the weekend and trade with you again soon!
Trade Update
Nokia is weak this morning. I am hoping to get it pushed down to €8.40-8.41 where I will cover.
Wednesday, May 12, 2010
Holiday again
Today's trades were: Nokia -long at €8.645, sold at €8.72, SCA B - long at SEK89.60, sold at 90.45. The trend during the morning was strong and the trades correspond to profits of 0.87% and 0.95%
respectively.
Now, time to relax for one day and then back on it!
Tuesday, May 11, 2010
Lucky shot
I was just so close to stopping my Nokia trade out, but the indices turned just there and I was able to follow it down a bit and make a profit instead. SCA was crap. Today's and yesterday's results: SCA -1.23% and 0.96%, .. Nokia 0.93% and -1.27%
Tuesday
I have started the day by buying SCA at 89.60. Will short Nokia if we will see a 8.62 on the ticker ..
Monday, May 10, 2010
Log reopening
It's monday and time to trade again. I have started off this week by buying SCA at 88.70 and shorting Nokia at 8.67.
Saturday, May 1, 2010
First of May holiday
The author of this blog would like to thank you for the first week and hope that the May 1st holiday will do you all good. I will actually take a whole week of holiday. I suggest you spend some time until the next post here looking at some fine contemporary art as the auction houses in Stockholm now are full of it. I fell in love with the lady below that can be seen at Bukowskis in Stockholm
I also thought I should take the time to summarize the trades during the first week. They gave a additive return 4% gross of commission. I have chosen to leave commission out in the calculations. Traders have commission rates of anything from 30 to 0.5 basis points and it would strike very differently depending on which rate that is used. The main reason for leaving them out here is convenience.
Last, some words about the trading methods. I try to capture a trend intraday. If the trading universe would only consist of intraday trades this method would be the opposite to scalping. The entry and exit points used are made up of technical levels that are found in the price charts.
Enjoy your holidays folks,
trade with you in a week!
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